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EBAY

eBay

$34.15

3.15 (10.16%)

09:50
01/22/19
01/22
09:50
01/22/19
09:50

Active trading in Ebay weeklies as shares jump 10%

Active trading in Ebay weeklies as shares jump 10%. The stock up $3.25 to $34.25 after activist investor Elliott Management disclosed a 4% stake in the company and sent a letter to the company's Board with details about "significant value-creation opportunity". In early options action, more than 2K EBAY Jan 25th 33.5 puts changed hands. Jan 25th 35 calls, 34.5 puts, and 34 puts are drawing interest as well. 8K puts and 5.2K calls trade total - nearly half of the volume is in the Jan 25th term that expires at the end of the week.

  • 03

    Mar

EBAY eBay
$34.15

3.15 (10.16%)

01/14/19
BARD
01/14/19
NO CHANGE
Target $39
BARD
Outperform
eBay survey matching broader e-commerce trends, says Baird
Baird analyst Colin Sebastian said his proprietary tracker shows eBay had a slightly better than anticipated November. Early December volumes were healthy, but there was a steeper slowdown in the second half of the month relative to historical trends. The analyst said this is consistent with other holiday e-commerce checks and data points. Sebastian reiterated his Outperform rating and lowered his price target to $39 from $41 on eBay shares.
01/04/19
01/04/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Skyworks (SWKS) downgraded to Neutral from Buy at Nomura Instinet with analyst Krysten Sciacca saying after Apple's (AAPL) profit warning, she believes growth headwinds from macro and trade uncertainty, as well as weak unit demand at the company's largest customers, will persist in 2019. 2. Snap (SNAP) downgraded to Neutral from Buy at Goldman Sachs with analyst Heath Terry saying he believes Snap's sequential user declines are likely to continue in Q4. 3. Fortinet (FTNT) double downgraded to Sell from Buy at Goldman Sachs with analyst Gabriela Borges saying the drivers of Fortinet's share gain and margin expansion are now better understood, with consensus 2019 estimates having been revised up over the past 12 months. 4. eBay (EBAY) downgraded to Neutral from Buy at Goldman Sachs with analyst Heath Terry saying he sees better opportunities with other names in Internet given uncertainty around eBay's growth and margin expansion, specifically the company's ability to deliver low-to-mid single digit growth on reduced ad spend. 5. Halcon Resources (HK), Chesapeake (CHK), and Southwestern Energy (SWN) were downgraded to Underperform from Neutral at BofA/Merrill. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/04/19
GSCO
01/04/19
DOWNGRADE
Target $32
GSCO
Neutral
eBay downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Heath Terry downgraded eBay to Neutral and lowered his price target for the shares to $32 from $34. The analyst sees better opportunities with other names in Internet given uncertainty around eBay's growth and margin expansion, specifically the company's ability to deliver low-to-mid single digit growth on reduced ad spend. eBay has tried unsuccessfully to reaccelerate growth for sustained periods, and uncertainty around the elasticity of marketing spend could also challenge margin expansion and pressure its earnings growth, Terry tells investors in a research note.
12/26/18
BARD
12/26/18
NO CHANGE
BARD
Baird names Amazon, Alphabet among best internet stocks to own for rebound
Baird analyst Colin Sebastian pointed out in a note to investors before the open that the number of searches on Google for the term "recession" has more than doubled since October, hitting a recent peak in early December. However, he thinks it is reasonable to consider a more optimistic outcome, namely a rebound, and looked back at the past four market "corrections" to see which stocks in large-cap internet fared. In each of the six-month periods he analyzed, Activision (ATVI), Facebook (FB) and Alphabet (GOOGL) traded higher with the lowest standard deviations in the group, Sebastian noted, adding that he thinks lingering overhangs on Facebook shares could dampen its recovery this time around. Amazon (AMZN) was the best overall performer, while eBay (EBAY) was the laggard, each with higher standard deviations, Sebastian added. Overall, he named Activision, Alphabet and Amazon as his "AAA" best bets in a rebound scenario.

TODAY'S FREE FLY STORIES

CG

Carlyle Group

$19.00

-0.23 (-1.20%)

17:03
03/19/19
03/19
17:03
03/19/19
17:03
Hot Stocks
Carlyle Group names Christopher Finn COO »

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XXII

22nd Century

$1.94

0.02 (1.04%)

17:02
03/19/19
03/19
17:02
03/19/19
17:02
Hot Stocks
BlackRock reports 6.5% passive stake in 22nd Century »

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ZTS

Zoetis

$98.72

0.95 (0.97%)

17:00
03/19/19
03/19
17:00
03/19/19
17:00
Initiation
Zoetis initiated  »

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PDM

Piedmont Office Realty

$20.21

-0.27 (-1.32%)

16:59
03/19/19
03/19
16:59
03/19/19
16:59
Hot Stocks
Piedmont Office Realty CEO Miller to retire, Brent smith to succeed »

Piedmont Office Realty…

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  • 21

    Mar

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    Mar

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    May

TEVA

Teva

$16.91

0.27 (1.62%)

16:56
03/19/19
03/19
16:56
03/19/19
16:56
Initiation
Teva initiated  »

Teva initiated with a…

03/08/13
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03/06/13
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  • 25

    Mar

FLIC

First Long Island

$22.35

-0.52 (-2.27%)

16:56
03/19/19
03/19
16:56
03/19/19
16:56
Hot Stocks
First Long Island selects Christopher Becker to succeed Michael Vittorio as CEO »

The First of Long Island…

03/08/13
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03/08/13
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  • 16

    Apr

SCS

Steelcase

$17.49

-0.115 (-0.65%)

16:51
03/19/19
03/19
16:51
03/19/19
16:51
Hot Stocks
Steelcase boosts quarterly dividend 7% to 14.5c per share »

The Board of Directors…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 20

    Mar

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    Jun

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    Jun

PRGO

Perrigo

$49.20

0.52 (1.07%)

16:50
03/19/19
03/19
16:50
03/19/19
16:50
Initiation
Perrigo initiated at SunTrust »

Perrigo initiated with a…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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TRMK

Trustmark

$34.42

-0.7 (-1.99%)

16:50
03/19/19
03/19
16:50
03/19/19
16:50
Downgrade
Trustmark rating change at Keefe Bruyette »

Trustmark downgraded to…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 23

    Apr

WIX

Wix.com

$108.92

1.02 (0.95%)

16:49
03/19/19
03/19
16:49
03/19/19
16:49
Initiation
Wix.com initiated at Guggenheim »

Wix.com initiated with a…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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CG

Carlyle Group

$19.00

-0.23 (-1.20%)

16:49
03/19/19
03/19
16:49
03/19/19
16:49
Hot Stocks
Carlyle Group appoints Christopher Finn COO »

Carlyle Group announced…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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INVH

Invitation Homes

$23.31

-0.23 (-0.98%)

16:49
03/19/19
03/19
16:49
03/19/19
16:49
Syndicate
Invitation Homes files to sell 43M shares of common stock for holders »

Morgan Stanley & Co.…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 19

    Mar

SCS

Steelcase

$17.49

-0.115 (-0.65%)

16:49
03/19/19
03/19
16:49
03/19/19
16:49
Earnings
Steelcase sees FY20 EPS $1.20-$1.35, consensus $1.32 »

Sees FY20 revenue growth…

03/08/13
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03/08/13
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  • 20

    Mar

  • 14

    May

  • 24

    Jun

  • 26

    Jun

BA

Boeing

$373.87

1.77 (0.48%)

16:48
03/19/19
03/19
16:48
03/19/19
16:48
Periodicals
Boeing CEO says understands 'lives depend' on jet safety, Reuters says »

Boeing CEO Dennis…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 19

    Mar

  • 28

    May

SCS

Steelcase

$17.49

-0.115 (-0.65%)

16:47
03/19/19
03/19
16:47
03/19/19
16:47
Earnings
Steelcase sees Q1 EPS 16c-20c, consensus 20c »

Sees Q1 revenue $830 to…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 20

    Mar

  • 14

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  • 24

    Jun

  • 26

    Jun

EOLS

Evolus

, AGN

Allergan

$154.13

3.41 (2.26%)

16:46
03/19/19
03/19
16:46
03/19/19
16:46
Initiation
Evolus, Allergan initiated at SunTrust »

Evolus assumed with a Buy…

EOLS

Evolus

AGN

Allergan

$154.13

3.41 (2.26%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 25

    Mar

  • 18

    May

  • 28

    May

NVCR

Novocure

$50.99

-0.11 (-0.22%)

16:45
03/19/19
03/19
16:45
03/19/19
16:45
Initiation
Novocure initiated at SunTrust »

Novocure initiated with a…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 19

    Mar

SCS

Steelcase

$17.49

-0.115 (-0.65%)

16:44
03/19/19
03/19
16:44
03/19/19
16:44
Earnings
Steelcase reports Q4 EPS 29c, consensus 26c »

Reports Q4 revenue…

03/08/13
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  • 20

    Mar

  • 14

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  • 26

    Jun

MYL

Mylan

$28.61

0.44 (1.56%)

16:44
03/19/19
03/19
16:44
03/19/19
16:44
Initiation
Mylan initiated at SunTrust »

Mylan initiated with a…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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ALTR

Altair

$37.68

-0.51 (-1.34%)

16:43
03/19/19
03/19
16:43
03/19/19
16:43
Initiation
Altair initiated at Guggenheim »

Altair initiated with a…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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MNK

Mallinckrodt

$23.19

0.49 (2.16%)

16:42
03/19/19
03/19
16:42
03/19/19
16:42
Initiation
Mallinckrodt initiated at SunTrust »

Mallinckrodt initiated…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 27

    Mar

LCI

Lannett

$8.05

0.17 (2.16%)

16:41
03/19/19
03/19
16:41
03/19/19
16:41
Initiation
Lannett initiated  »

Lannett initiated with a…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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16:40
03/19/19
03/19
16:40
03/19/19
16:40
General news
API crude inventories for week of March 15 »

API reports that crude…

JAZZ

Jazz Pharmaceuticals

$135.47

1.02 (0.76%)

16:40
03/19/19
03/19
16:40
03/19/19
16:40
Initiation
Jazz Pharmaceuticals initiated at SunTrust »

Jazz Pharmaceuticals…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 20

    Mar

NVRO

Nevro

$44.76

0.37 (0.83%)

16:39
03/19/19
03/19
16:39
03/19/19
16:39
Hot Stocks
Nevro suspends 2019 revenue guidance »

Nevro is suspending…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 20

    Mar

  • 21

    Mar

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